Central and Eastern Europe (CEE)
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Russian container terminal operator Global Ports Investments printed the first Russian debut bond since the Crimea crisis on Monday in a deal that was 3.5 times subscribed. -
Renaissance Capital proved Russian debt is still in demand on Monday when it switched holders of its 2016 bond into a new 2021 bond, which also attracted new investors.
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GE Money Bank, the Czech retail and SME bank, announced its intention to float on Monday, as its parent General Electric executes its plan to sell most of its financial services operations.
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Renaissance Financial Holdings (RenCap) is circulating guidance for a new five year note which is part of the borrower’s ongoing exchange offer.
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Russian container terminal operator Global Ports Investments has released guidance for a $350m long five year bond on Monday, offering much more than several other double-B rated credits from the country.
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The Brics bank is to finally make its capital markets debut later this month by issuing green bonds in RMB with the proceeds to be channelled into energy and infrastructure projects, sources have told Emerging Markets, a sister publication of GlobalCapital Asia.
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Slovenian Sovereign Holding, which manages state assets, has chosen Deutsche Bank as financial adviser for the privatisation of Nova Ljubljanska banka. It will probably be done as an IPO, possibly this year.
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A couple of debut issuers from the Middle East and two live debt exchanges are keeping bankers in CEEMEA busy this week and with several roadshows, albeit non-deal ones, in progress, the pipeline looks healthy.
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Telekom Slovenia, a firm downgraded four times in the last five years, has secured a €300m loan to refinance a bond, the move will strengthen its Ba2 rating according to Moody’s.
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Renaissance Financial Holdings is looking to extend its maturity profile with a five year non-call two note via an exchange offer.
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Georgian Oil & Gas Corporation (GOGC) is preparing ground to issue the first Eurobond from Georgia since 2013 and is simultaneously offering to buy back for cash its existing July 2017s.
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